Fundraising

Arif Naqvi, founder of Abraaj Capital, never intended to build a private equity business. Today, he presides over the largest such entity investing in the Middle East and North Africa. An eloquent spokesman for the asset class' importance in the Arab world, he recently shared his vision for the industry and the region with Philip Borel.

Trans World Entertainment has agreed to buy Sun Capital portfolio company Musicland out of bankruptcy. The company’s stay in Chapter 11 has reportedly been tainted by allegations of impropriety.

Equafin, the lead investor in the formation of Flagship Credit Corporation, formerly had ties to New York-based Capital Z.

Fenway Partners has added onto its sporting goods platform, Riddell Bell Holdings, acquiring baseball bat maker Easton Sports in a $400m deal. Teachers’ Private Capital has joined Fenway in the investment.

Before Steven Klinsky's New Mountain Capital makes an investment, it does a “deep dive” into the mass of data surrounding its industry of interest. This strategy mirrors Klinsky's own zeal for intelligence gathering and for making money from growth, not leverage. David Snow profiles one of Wall Street's smartest – and nicest – investors.

Life as a listed private equity firm leaves you exposed to some unwelcome publicity – as 3i discovered when talk of it being a bid target surfaced in February.

Mark Weisdorf, who took a Canadian pension from zero to $5 billion in private equity commitments, sees even bigger opportunities in infrastructure.

Thanks to the surging profits of a nutrition supplement company, one of America's oldest private equity firms is still going strong.

InterMedia Advisors, the private equity partnership established by long-time media executive Leo Hindery Jr., has held an interim close on its inaugural fund, a $1.5bn targeted vehicle.

The men behind Phillips-Van Heusen and Staples are raising a fund.